Broker-Dealers Give Banks Swift Kick At SIBOS Forum

THIS WEEK'S LEAD STORIES

If SWIFT were cinema, it would be the B-movie cliche in which an automobile stalls on the railroad tracks.

At first the occupants are merely puzzled. Calmly, they try to restart the engine. As the engine continues to turn over without catching, perplexity turns to irritation. The passengers glare at the driver, who bends over the wheel, lips pursed, intent.

A train whistle blows in the distance.

Passengers alternately scream suggestions to the driver, and stare, transfixed by the distant plume of

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TMX’s indexing pivot bears first fruit

The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.

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